Paying back more than I owe?

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elaine882
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by elaine882 » Mon May 14, 2018 8:15 pm
hi been paying 110 for nearly 5 yrs it ends in nov this yr a big ppi has come in to the tune of 25000.00 last month but credit fix say we still have to pay more money and need to relise equity in are home to pay the rest the debt was 14700 .00 so they have had 30.000 altogether dont understand this at all
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MerlinL14
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by MerlinL14 » Mon May 14, 2018 9:16 pm
Was your total debt 14700 or does this figure not include fees and calculated interest? or was the figure of 14700 reached by calculating your affordable monthly payment multiplied by 60 months? Unless you pay 100% of the original debts, plus fees and interest then you will continue to make monthly payments.
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Lisa Thomas
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by Lisa Thomas » Tue May 15, 2018 8:24 am
How much was your original debt?
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